Posts Tagged ‘FHA home loans’
Interest Rates Are Falling
Interest Rates are Falling When interest rates drop, it can have several significant effects on the economy and personal finances. If you have a rate above 6.5%, we need to chat. There are in many cases huge money savings benefits: Cheaper Borrowing Costs: Lower interest rates make it cheaper for individuals and businesses to…
Read MoreIs it better to Buy or Rent
Is it Better to Buy or Rent? Deciding whether to rent or buy a home depends on various factors that can differ based on individual circumstances and preferences. Here are some key considerations for both renting and buying: Renting: Flexibility: Renting offers greater flexibility compared to buying. You can typically sign leases for shorter terms…
Read MoreHow To Avoid the Summer Real Estate Bidding Wars
Buying a property now before the summer months and the future rate reductions is a smart move. Now is the best time to buy to avoid the flood of buyers once the rates pull back. Here are several advantages to buying now: Avoiding Bidding Wars: During the summer months, when the real estate market…
Read MoreEveryone Likes Saving Money
Everyone Likes Saving Money Buying a home can save money compared to renting in the long run due to several factors: Equity Building: Unlike renting, mortgage payments contribute to building equity, which is essentially savings that can be tapped into later through home equity loans or by selling the property. Stable Payments: With a…
Read MoreSick of Renting
Sick of Renting Renting has its drawbacks, including: Lack of Equity: Rent payments don’t contribute to ownership, so renters don’t build equity in a property. In many instances, one can own for about the same payment or a little more than their rent and invest in real estate. Limited Control: Renters often have restrictions…
Read MoreWorking With Us Will Help Support Your Community
Working With Us Will Help Support Your Community At Andre Enriques Mortgage Banker – VA Loan Expert (aka First Priority Home Loans), we believe in the power of business to help make a positive impact on our world. We are excited to introduce our new initiative starting January 2024, we are launching a ”…
Read More2024 Loan Limits Are Out
2024 Loan Limits Are Out! Mortgage loan limits vary by county and are influenced by factors such as the location’s median home prices. These limits are set by the Federal Housing Finance Agency (FHFA) and are used to determine the maximum amount that can be borrowed through conforming loan programs. Conforming loans are those that…
Read MoreThe Power of Buying a Home Now
The Power of Buying a Home Now The decision to buy a home is influenced by various factors, and the perceived “power” of buying a home can depend on the individual’s circumstances, market conditions, and long-term financial goals. Here are some potential advantages and considerations that may highlight the power of buying a home:…
Read MoreVA and FHA Loans in National City
VA and FHA Loans in National City National City is a city in San Diego County, California, and if you’re interested in obtaining VA or FHA loans in National City, you can explore both options to determine which one best suits your needs. VA Loans: VA loans are backed by the U.S. Department of Veterans…
Read More401K Versus Home
401K Versus Home Are you struggling to decide where to invest your hard-earned money for the best returns? As it turns out, investing in a home could give you better returns than your 401k. This has been proven time and time again. According to Rocket Homes, homeowners who purchased their homes 7-10 years ago…
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